Entry in Tally

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article assistant
500 Points Posted on 21 July 2020
payments made directly to indian oil corporation for petrol use in school
how to make entry in tally
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On 21 July 2020 at 19:04 Report
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This discussion explains how to make an entry in Tally for petrol expenses paid directly to Indian Oil Corporation. It outlines the steps for creating necessary ledgers, such as 'Indian Oil Company' under sundry creditors and 'Fuel Account' under indirect expenses. The process involves booking the fuel expense and then recording the payment to Indian Oil.

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Profession
28261 Points Posted on 22 July 2020
In your accounting software create a ledger
indianoill company

if indianoil is providing invoice then create that invoice.
then pay....
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On 22 July 2020 at 08:22
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Student
72 Points Posted on 24 July 2020

Steps:

1. Create IOC (Under sundry crs group)

2. Fuel Ac(under Indrect exp head)

3. Bank name ledger ac(Under Bank ac)

 

A. Book Fuel expe

FUel ac......dr

to IOC...............Cr

(Being Fuel purchasse.....bill no)

B. Payment to IOC

IOC ac........DR

To Bank ac............Cr

(Being Payment made to IOC against Bill no...)

 

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On 24 July 2020 at 13:51

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